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5th Street - NNN Leased Opportunity

109 and 204 5th Street, Orlando, Florida 32824
Sold: $5,100,000
5th Street - NNN Leased Opportunity

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
56,743 sqft
Land Size
3.04 acres
Zoning
IND-2/IND-3

Property Description

This offer consists of two properties with optimal outside storage and overhangs; with an approximate total of 56,743± RSF. The property is zoned IND-2/IND-3. Within minutes from the Florida Turnpike, The Beachline Expressway, and US 441. In close proximity to the Orlando International Airport. This location is within one of the strongest industrial markets in the country.

Investment Details:

  • 8% CAP Rate
  • 100% Occupancy
  • NOI $420,000
  • NNN Lease Term of 60 Months (With two additional 5-year options)
  • Escalations Annual 4% increase
  • Lease Expiration 12/31/2025
  • National company, has been at this location for over 30 years

Location